Click to copy
Click to copy

New Jersey Resources: Fiscal 3Q Earnings Snapshot

August 6, 2019

WALL TOWNSHIP, N.J. (AP) _ New Jersey Resources Corp. (NJR) on Tuesday reported a loss of $8.4 million in its fiscal third quarter.

The Wall Township, New Jersey-based company said it had a loss of 9 cents per share. Losses, adjusted for non-recurring gains, came to 20 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The energy services holding company posted revenue of $434.9 million in the period.

New Jersey Resources expects full-year earnings in the range of $1.95 to $2.05 per share.

New Jersey Resources shares have climbed nearly 5% since the beginning of the year. The stock has increased slightly more than 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NJR at https://www.zacks.com/ap/NJR

All contents © copyright 2019 The Associated Press. All rights reserved.